OAO Severstal ('Severstal' or the 'Company'), one of the world's leading vertically integrated steel and steel related mining companies, announces that its pipe production unit, the Izhora Pipe Mill (IPM), which specializes in the manufacture of large diameter pipes from strips produced by the Cherepovets Steel Mill, part of the Severstal Russian Steel Division is completing an upgrade project worth over 82 million rubles (US $2,8 million).

The project envisages installation of up to date equipment in 2012, which will help increase productive capacity, improve production quality and cut down expenses in the prod ...

A proposed 600,000-barrel-a-day oil pipeline that would run between Venezuela and Colombia would require $8 billion in investment, state oil company Petroleos de Venezuela, or PdVSA, said Thursday in a statement.

The pipeline would give hydrocarbons-rich Venezuela access to Colombia's Pacific coast and allow for quicker transport of crude to Asian markets, a key strategic goal of President Hugo Chavez, who has fortified economic ties with resource-hungry China in recent years.

Venezuela is looking to send more of its crude from its vast Orinoco heavy oil belt, located in the southeastern part of the country, to Asian economies, PdVSA said in ...

Site preparation work continues for a $1 billion pipe mill in Gregory. TPCO America and its parent company, Tianjin Pipe (Group) Corp. broke ground on the project in August, which is considered to be the largest single Chinese investment in an American manufacturing facility.

At full operation, about 800 workers will recycle scrap steel and mix it with iron to produce 500,000 metric tons of seamless steel pipe each year, which is used as casing in the oil and gas industry.

The company envisions the plant playing a major role in boosting domestic supplies to meet the demand for this type of pipe and eventually export pipe as production grows, spokeswoman Leah Olivarri said.

The U.S. Commerce Department on Tuesday set a preliminary import duty of nearly 286 per cent on a certain type of steel pipe from India to offset government subsidies and a duty of slightly more than 8 percent on the same product from Vietnam.

It declined to set preliminary duties on imports from Oman and the United Arab Emirates, saying it found little or no subsidies for steel pipe producers in those countries.

The decision is a mixed victory for U.S. companies Allied Tube and Conduit, JMC Steel Group, Wheatland Tube and United States Steel Corporation, which filed a petition last year asking for import relief.

Shale-Inland Holdings, LLC today announced the completion of its acquisition of the Industrial Pipe, Valves and Fittings business ("IPVF") of HD Supply, Inc.

IPVF is comprised of several businesses including Southwest Stainless and Alloy, J&J Alloys, Sunbelt Supply Co. and Metals Inc., collectively one of the nation's largest master distributors of stainless steel, chrome, nickel alloys, aluminum and carbon pipe, plate, bar, valves, flanges and fittings - with a global footprint. The IPVF companies have been combined with Main Steel and Shale-Inland Stamping & Fabricating to form one of North America's largest industrial supply companies.

CENS reported that driven by the recovering US steel market, Ta Chen Stainless Pipe Co, a maker of stainless steel in Taiwan, expects TWD 44 billion in consolidated sales in 2012, up over 7% from TWD 41 billion in 2011.Since the beginning of the fourth quarter of 2011, Ta Chen has hedged against volatile nickel prices, enabling it to achieve steady growth in profit margin regardless of fluctuating nickel prices in the first quarter of this year.With eight outlets in its American subsidiary, Ta Chen has become a major supplier of stainless steel there, where its subsidiary posts monthly sales between USD 95 million and USD 100 million with gross profit margin of 11%.Despite the European debt ...

New Jersey Natural Gas wants to replace about 343 miles of distribution pipes, old mains that are in danger of corrosion and leaks.

If approved by state regulators, the proposed five-year, $204 million project will occur throughout Monmouth, Ocean and Morris counties. The Wall-based utility sent the proposal to the state Board of Public Utilities on Tuesday.

It will replace cast iron and steel distribution lines that are at least 45 years old, as well as associated lines and meters that are connected to customers’ homes, spokesman Michael Kinney said. The scope of the project accounts for 60 percent of the utility’s aged infrastructure, which totals 570 miles out of more than 7 ...